To: mac_truck
Aren't you better off owning shares of company located in a country where the currency is falling? Take SA for example. When the Rand was weakening, the POG rose in Rand, so mining revenues increased, while their expenses were largely in Rand. So profits increased significantly. With the Rand strengthening significantly over the last year, SA shares have lagged.
10 posted on
02/05/2004 6:25:17 PM PST by
Soren
To: Soren
Aren't you better off owning shares of company located in a country where the currency is falling? Good point, I'm not sure I know the answer. However, if you're worried about the US dollar's fluxuation, a foreign miner might be the place to be.
11 posted on
02/05/2004 6:50:23 PM PST by
mac_truck
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